Sunday, May 15, 2016

STOCK MARKET TURNOVER SLIDES 43%

The country's stock exchanges saw their overall cash market turnover tumbling over 43 per cent to Rs 15.95 lakh crore during the first four months of 2016 over the same period last year.
The equity market turnover on nation's three bourses -- NSE, BSE and MSEI -- stood at Rs 28.02 lakh crore during January-April period of 2015.
The National Stock Exchange (NSE) and BSE accounted for 99.9 per cent of the cash turnover of all recognised bourses during the period under review while MSEI (formerly MCX-SX) recorded a marginal turnover of Rs 57 crore, according to the latest data compiled from stock exchanges.
Going by the data, the turnover at NSE and BSE fell by 12 per cent and 22.5 per cent respectively, during the period under review.
During January-April 2016, NSE's cash value stood at Rs 13.64 lakh crore while that of BSE touched Rs 2.3 lakh crore.
Of the total turnover, NSE took 85.4 per cent share in cash market segment whereas BSE accounted for 14.5 per cent.
Apart from BSE and NSE, MSEI reported a cash market value of Rs 57.01 crore, during the first four months of the the current year -- significantly more than Rs 95 lakh witnessed in the same period year-ago.
In April, equity market turnover on NSE declined over 18 per cent to Rs 3.57 lakh crore over the same month in 2015. The segment plunged nearly 13 per cent month-on-month.
On the BSE, the equity value dropped 27 per cent to Rs 49,174 crore, during April compared to the same period year-ago, while it dipped 20 per cent compared to March 2016.
MSEI has witnessed slow down in its cash segment turnover since the crisis broke out at another Financial Technologies (India) Ltd (FTIL) group-promoted firm National Spot Exchange Limited (NSEL) few years ago.

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